Former Governor of Massachusetts Bill Weld says it makes a lot of sense for Republicans, like President Donald Trump, to support de-scheduling marijuana.

"I would think it's excellent politics for President Trump. He did say during the campaign in 2016, adult recreation, full adult legalization, is a states' rights issue — and that goes down very well with Republicans," Weld said on CNBC's "Fast Money."

"Including this former Republican," Weld added, chuckling. The former Republican governor of Massachusetts-turned Libertarian has made his newfound feelings about marijuana well-known, since announcing last week he would join former House Speaker John Boehner on the board of medical marijuana company, Acreage Holdings.

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Chloe AielloCNBC.com

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